Seasonality Might Matter A Bit Less For Sellers Given Low Inventory Levels
Scott P. Rogers
If you had asked me a year or two ago whether it was a good idea for a homeowner to list a home in November (if they would be fine waiting until Spring) I would have said it wasn't necessarily a bad thing -- but it certainly also wasn't a surefire path towards success.
In reflecting on this with a homeowner last week, though, we came to a different conclusion -- because inventory levels are SOOOO low!
So, here's my revised November advice to would be home sellers...
If you would rather sell now/soon instead of six months from now - and if you are in a segment of the market that is under supplied - then let's go ahead and get your house on the market!
Looking at historical inventory levels...
- Three years ago there were 356 homes on the market.
- Two years ago, there were 317 homes on the market.
- One year ago, there were 269 homes on the market.
Today... there are 162 homes on the market for sale!
So, if you want to sell in the next six months, maybe we should be talking now about getting your house on the market in early November!
